Why You Should Buy Litecoin (LTC) While It’s Cheap Now

Litecoin is generally considered as a peer-to-peer cryptocurrency and open source software project that is released under MIT/X11 license. The creation of the coin is based on the open source cryptographic protocol and thus it is not managed by any central authority. Technically, Bitcoin (BTC) is almost identical to Litecoin but it is far quicker and cheaper. According to the views of the cryptocurrency market experts, Litecoin pricing acts in a more rational manner than Bitcoin and it has a more sustainable future. The value of the Litecoin depends on the demands of currency trading websites like Bitfinex, OKEx, GDAX, and Coinbase. In the current scenario, some online stores, in fact, started to accept cryptocurrencies to buy products like jewelry, groceries, clothes and other important stuff.

Litecoin (LTC) is known to be the next best thing to Bitcoin. This cryptocurrency was launched a couple of years later after Bitcoin and it has a few aspects which make it acceptable to the present day crypto investors, users, and traders. This coin is growing at a fast pace and it is already taking the initiative to close the gap on Bitcoin. It is true that the recent crypto slump has brought the Litecoin down to $122.7 and this is the best opportunity to buy the Litecoin when it is cheap. Some of the good reasons to buy Litecoin are discussed below.

Better than Bitcoin:

Most people tend to invest in altcoins because of the early investors’ reliance on Bitcoin. Like, those many new investors want to buy coins at a cheap rate and want to become richer. For this reason, it is the best time for you that you should invest more on Litecoin. Although it is much like Bitcoin it is better than it. It generally uses proof-of-work algorithm but it is ASIC resistant and allows both CPU and GPU miners. The network of Litecoin is as secure as Bitcoin. Although the price of LTC fell from around $300 and to just the above margin of $100 but still it is better than other crypto coins because of its stability. However, the trading price of Litecoin has started to rise and thus it is the ideal time for you to buy Litecoin.

Litecoin’s association with Abra app:

Abra app allows the users to trade crypto-fiat, crypto-crypto pairs and fiat-crypto. Through Abra App, you can avail 20 cryptocurrencies and 50 fiat currencies. For this, the users need to buy Litecoin first and then they can use this for future trading in the app. This app, in fact, uses Litecoin to access smart contract as Litecoin transactions are faster and scalable with a much more secure network.

The launch of Litecoin Core:

Litecoin was not much affected by the recent bearish trend in the crypto market because of the release of Litecoin Core. The investors still believe in Litecoin and the price of the Litecoin remained above $100 mark. This actually contributes to Litecoin’s stability gaining the confidence of the traders.

Gemini Exchange Lists:

The Winklevoss Twins’ Gemini exchange is considered as one of the world’s most popular crypto exchanges. This exchange has listed Litecoin on their portal. They have allowed the users to trade in Cryptocurrency according to their basic requirements. As the exchange has a large pool of users, a listing of Litecoin in their portal will increase the trading in Litecoin.

The Advantages and Disadvantages of Litecoin as a Short Term of Investment

The short-term investment generally means 1-12 months of investment. Some of the advantages and disadvantages of short-term investing in Litecoin are discussed below.

Advantages:

High Trading Volume:

Litecoin is a popular choice for the investors because of its high trading volume, which means you can easily find the buyers.

The huge expectation in 2018:

Charlie Lee, the founder of Litecoin tweeted that there is “One huge unexpected surprise” coming in 2018, in the early phase of 2018.

Listed on Coinbase:

The listing of Litecoin on Coinbase attracts more investors. Only four coins are listed on the Coinbase, Litecoin being one of them. This means you can easily buy and sell coins.

Disadvantage:

The only disadvantage is the volatility of the cryptocurrency market. This makes the short-term investment in Litecoin a bit risky.

Conclusion

Litecoin which is already ranked 5 (according to the coincapmarket.com) is not a new name in the realm of cryptocurrency. However, it still undergoes several changes and improvements to tackle the issues that have come up in the history of Litecoin. However, you can invest in Litecoin right now so that you can enjoy the benefits in the near future.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk

In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated.

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working?

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived.

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

IE Option – 91% Profit on BTC Fluctuations in Every 60s

On Thursday, Bitcoin price broke below $6,700 and hit the weekly low to $6,480. Then, it rebounded back above $7,000 again with an increasing rate of 5%. At press time, based on the incomplete statistics, more than $720 million worth cryptocurrency futures contracts have been liquidated in this week. During the strong market fluctuation, investors are learning a hard lesson about the downside of cryptocurrency futures trading with leverage.

Since we know that we cannot make money by investing in BTC spot trade during the bear market, and we notice the high risks of liquidation by trading leveraged bitcoin futures contracts, how can we hedge the loss in spot trade and profit from the BTC market volatility?

Option is a type of crypto derivative contract which enables investors to make speculative bet on price rising and falling. Call option means that trader long BTC at a given strike price, while Put option allows trader to short BTC at a given strike price.

For example, if you predict that BTC price may surge, you can buy a call option. Suppose that you buy a call option at $7,000. As long as price exceeds $7,000, you can make profit.

4 things you should know about bitcoin casinos

Bitcoin Casinos are the ideas of innovation, firmly moving towards the goal of disrupting the whole Gambling Industry. Best Bitcoin Casinos are the true trailblazers of the new era of gambling. Their creators quickly recognized all the immense potential that blockchain and cryptocurrencies contained within themselves. Most of the top Crypto Casinos started operating in the first half of the past decade and are quickly moving towards being the dominant force, when it comes to online gambling. There are a couple of key characteristics and advantages that elevate BTC Casinos above the rest of the competition on the market.

Trusted casinos have fast withdrawals

Only the Best Bitcoin Casinos offer players the benefits that come with using cryptocurrencies as the main source of finance. One of the biggest advantages that BTC Casinos have over the rest of the competition is speed. When using cryptocurrencies, players can deposit and most importantly withdraw their money with blistering speeds. Thanks to blockchain technology, all the financial transactions are completed within the minutes of request. Alternatively, standard online casinos operating under the guidance of classical banking intuitions, need several days to complete the same procedures.

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